After multiple rate cuts by the RBA in 2025, I think this could be a good time to look at high-yield ASX dividend stocks for income.
Term deposit interest rates have reduced, making the yields on offer from some businesses much more appealing.
Some businesses with higher yields can be a risk if those payouts are cut. What's the appeal of an 'income stock' if the income suddenly drops significantly or disappears entirely? I think the three stocks below have large and consistent dividends.
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GQG Partners Inc (ASX: GQG)
GQG is one of the largest fund managers on the ASX, which provides investors with four main strategies: US shares, global shares, international shares (excluding the US) and emerging market shares.
In recent times, GQG has been defensively positioned with its funds' portfolios because of worries about AI-related valuations. It has recently been vindicated by that decision with plenty of tech/growth stocks falling back. Prior to that, GQG's funds had a long-term track record of outperforming its benchmarks.
I think the ASX dividend stock is still significantly undervalued after rising more than 20% in less than a month. It currently has an annualised dividend yield of 12.7% based on the latest announced quarterly dividend and it's trading at 7x its annualised distributable profit, which I think is very cheap if its funds under management (FUM) grows over the long-term.
Shaver Shop Group Ltd (ASX: SSG)
Shaver Shop sells a wide variety of male and female premium shaving items from its store network of more than 120 stores.
The company's position in the market means that it has been able to secure a number of exclusive agreements with certain shaving brands, giving customers more of a reason to shop at the stores.
Excitingly, the high-yield ASX dividend stock is rolling out products for its own brand called Transform-U to fill gaps in Shaver Shop's item "range of quality, performance and/or price point driven". Transform-U is steadily adding new products to its range, which generates a higher gross profit margin.
On the dividend side of things, it increased its dividend every year since 2017, aside from FY24 when it maintained the dividend. It grew the annual dividend per share to 10.3 cents in FY25, translating into a grossed-up dividend yield of 9.9%, including franking credits.
Rivco Australia Ltd (ASX: RIV)
Rivco Australia (formerly know as Duxton Water Ltd) is a company that owns water entitlements which are leased to irrigators on short or long-term leases.
I like this high-yield ASX dividend stock as a way to indirectly invest in the Australian agricultural sector, which is an important part of the economy.
It can benefit from both the leasing income and a potential rise in the value of water entitlements over time.
Pleasingly, the business has increased its half-year payout every six months since 2017. Its latest paid dividends equate to a grossed-up dividend yield of 7.25%, including franking credits.
